Americans aren’t saving—or saving enough—for retirement, and the country is heading for a crisis as boomers leave the workplace in ever-increasing numbers. But in a blog post at Seeking Alpha, Patrick Gunn has come up with an...
Credit Union Industry News & Updates
The Credit Union & Banking worlds are changing faster today than they ever have. Keep informed about what’s going on in the industry.
WHAT’S GOING ON AT CREDIT UNIONS?
CUs Show Continued Growth in Shares & Deposits, Membership
Federally insured credit unions again reported increases in shares and deposits and membership during the fourth quarter of 2016, the NCUA reported Monday. At federally insured credit unions, shares and deposits increased by $76.6 billion, or 7.5% over the year, to...
Getting to the Core With Tight Integration, Real-Time Data
Legacy systems built around proprietary technology lack functionality credit unions need in today’s digital oriented, member-centric reality. Integrating innovate technology with the core optimizes interoperability, business, and member services across channels....
Credit Union Professionals Move Up and On
This past week, six credit unions announced new hires and promotions. Plus, one credit union announced the retirement of its long-time CEO. EAST The $3 billion Service Credit Union in Portsmouth, N.H., promoted two employees. Fawn Terwilliger was promoted to chief...
Former CU Employees Sentenced After Embezzlement Uncovered
A former CEO of a West Virginia credit union who embezzled more than $156,000 over three years was sentenced to one day in jail, while a teller who worked for an Alaskan credit union for few months and stole more than $100,000 will serve one year in federal prison....
6 Tax Season Cybersecurity Risks to Avoid
Tax-related themes are frequent lures for phishing emails and websites. Sunnyvale, Calif.-based Proofpoint revealed cybercriminals expanded their attack methods this tax season to include ransomware, malware, malicious documents, and social engineering. In a blog the...